QRHC Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	29.11M EUR	26.58M EUR	25.01M EUR	38.99M EUR
Enterprise Value	90.47M EUR	87.73M EUR	89.86M EUR	105.12M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	39.43x	--	--	--
Price to Sales	0.12x	0.11x	0.1x	0.21x
Price to Book	1.09x	0.99x	0.65x	0.96x
EV/Revenue	0.37x	0.35x	0.37x	0.58x
EV/EBITDA	11.6x	11.24x	12.14x	17.63x
Price to FCF (P/FCF)	2.42x	2.72x	2.7x	4.1x
EV/FCF	7.52x	8.97x	9.72x	11.05x
FCF Yield	41.31%	36.81%	36.98%	24.41%